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Change in ownership for State House Inn

The State House Inn, located at 101 E. Adams in Springfield, is undergoing a rebranding as part of a recent ownership change. General manager Jerald Harris stated that the prior owners sold the hotel on November 8, 2017. He explained that they are now owned by Packard Hospitality Group out of San Diego, California. “We’re [...]

Riedesel takes on new opportunity at Illini Country Club

Rich Riedesel, who has been with the Sangamo Club for 24 years, has accepted a position with Illini Country Club. He currently serves as the assistant general manager for Sangamo Club and his last day will be February 24. Riedesel, who is originally from Springfield, was involved in the opening of the Renaissance Hotel (now [...]

Former Atlantis Pools building sold

Atlantis Pools, based out of Alton, Illinois, closed their Springfield location in December 2016, citing poor sales in the local market. The freestanding building at 3014 Montvale Drive has been vacant since, and was listed for sale for nearly a year at $299,000. Kyle Killebrew, a broker with The Real Estate Group, purchased it last [...]

By |January 24th, 2018|Categories: Business News, News|0 Comments

CNB Bank & Trust and Jacksonville Savings Bank to merge

CNB Bank Shares, Inc, and Jacksonville Bancorp, Inc. have jointly announced that they have entered into a definitive merger agreement whereby Jacksonville Bancorp will merge with and into CNB Shares. Jacksonville Savings Bank, the wholly-owned subsidiary of Jacksonville Bancorp, has six locations, including banks that operate under the names First Midwest in Virden and Litchfield [...]

By |January 24th, 2018|Categories: Business News|0 Comments

Citizens Club of Springfield hosting policy breakfast on the Sangamon County Project

The Citizens Club of Springfield is hosting a policy breakfast on the Sangamon County Project on Friday, January 26 at 8 a.m. at the Hoogland Center for the Arts. A countywide, economic development corporation with an annual $1.5-2 million budget has been proposed, based on a report issued last fall. Sangamon County government contracted with [...]

By |January 24th, 2018|Categories: Business News|0 Comments

Athens Bancorp, Inc., NBP Financial Services consolidate holding companies, banks

BY MICHELLE OWNBEY The board of directors of Athens Bancorp, Inc., parent company of the Athens State Bank, and the board of directors of NBP Financial Services, parent company of the National Bank of Petersburg, have announced that the parties have signed a letter of intent outlining the terms of a consolidation of the two [...]

By |January 17th, 2018|Categories: Business News|0 Comments

Constitution Drive strip center sold

After nearly five years of vacancy, the strip center on Constitution Drive, just south of Target, should be seeing quite a bit of activity soon. In 2013, the two largest occupants moved out when Carpet Weavers relocated to Prairie Crossing and Friar Tuck expanded to a new building on West Wabash. Since then, the 28,400 [...]

Do you love where you work?

Nominate your company for “Best Places to Work,” sponsored by United Community Bank and Springfield Business Journal, for a chance to win a $100 gift card for yourself and recognition for your company. Everyone who makes a nomination before Dec. 31 will be entered into a drawing for a $100 gift card. The winning companies [...]

By |November 21st, 2017|Categories: Business News|0 Comments

AmerisourceBergen signs agreement to purchase H.D. Smith

On Nov. 20, H.D. Smith and AmerisourceBergen announced that the companies have signed a definitive agreement under which AmerisourceBergen will purchase H.D. Smith, the largest independent pharmaceutical wholesaler in the U.S., for $815 million in cash. AmerisourceBergen plans to fund the acquisition through the issuance of new long-term debt. The transaction is subject to regulatory [...]

By |November 21st, 2017|Categories: Business News|0 Comments

Technology won’t replace customer service at area lenders

BY EMILY JANKAUSKI Home to 21 banks and six credit unions, the capital city is well acquainted with financial service offerings from both national and local financial institutions. In terms of growth, however, local banks appear more prosperous than national competitors. In 2016, Chase Bank closed its North Grand Avenue branch, while Illinois-based Citizens Equity [...]

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